• Copper, other metals sink as economic outlook dims Friday, 19 Oct 2012 | 3:02 PM ET

    Microsoft, McDonald's and General electric all fell sharply after reporting disappointing results for the third quarter.

  • UPS expected to post flat 3Q profit Friday, 19 Oct 2012 | 2:49 PM ET

    NEW YORK-- United Parcel Service Inc. is expected to offer a subdued view of the global economy when it reports its third-quarter results before the market opens Tuesday. Smaller rival FedEx Corp. said the same in September. Last month FedEx unveiled a plan to boost profit by $1.7 billion annually by shedding jobs, aircraft and underused assets.

  • Dollar rises after weak US housing data Friday, 19 Oct 2012 | 2:04 PM ET

    The euro fell to $1.3023 in late trading Friday from $1.3061 late Thursday. The British pound fell to $1.6014 from $1.6062. The dollar rose to 79.28 Japanese yen from 79.23 yen, to 0.9285 Swiss franc from 0.9253 Swiss franc and to 99.34 Canadian cents from 98.53 Canadian cents.

  • European regulators object to UPS takeover of TNT Friday, 19 Oct 2012 | 1:54 PM ET

    AMSTERDAM-- The European Union's executive, the Commission, has objected to United Parcel Service's proposed $6.75 billion takeover of TNT Express NV, the companies say. They say the watchdog argues that the deal as it stands would have a negative effect on the market for express delivery of small packages in Europe.

  • Dow down 200 as weak earnings drag market lower Friday, 19 Oct 2012 | 1:52 PM ET

    Disappointing results from three giants of the Dow _ Microsoft, General Electric and McDonald's _ were to blame. The Dow sank 221 points, or 1.6 percent, to 13,327. The S&P was down 26, or 1.8 percent, at 1,431. The Nasdaq composite index, hammered by a second ugly day for Google, lost 70 points to 3,002, a 2.3 percent decline.

  • Illinois Amtrak train hits 111 mph in test run Friday, 19 Oct 2012 | 1:44 PM ET

    JOLIET, Ill.-- For the first time on a key Midwestern route between Chicago and St. Louis, an Amtrak passenger train topped 110 mph Friday, ripping through fog-shrouded farm fields and blowing past cars on a parallel highway. Illinois and the country was a wasteland when it came to high speed rail, "said U.S.

  • Caterpillar shares fall on slowing sales growth Friday, 19 Oct 2012 | 1:37 PM ET

    PEORIA, Ill.-- Caterpillar Inc. shares fell Friday after the company reported a slowdown in sales of its heavy equipment and engines last month. Caterpillar said worldwide sales of its heavy equipment rose 6 percent in September, down from gains of 13 percent and 14 percent in August and July, respectively.

  • Spain considers banning photos of police on duty Friday, 19 Oct 2012 | 1:25 PM ET

    MADRID-- Spain is considering a ban on photographing, filming or reproducing images of police and state security forces who are on duty, officials said Friday. Fernandez Diaz said, "We do not intend to stop the press from doing its job of taking pictures of police charges and other proceedings.

  • Illinois Amtrak train hits 110 mph in test run Friday, 19 Oct 2012 | 1:08 PM ET

    JOLIET, Ill.-- An Amtrak passenger train has reached a speed of 110 mph for the first time in Illinois. The five-car, two-locomotive train zipped through the central Illinois countryside, hitting its high speed between the towns of Dwight and Pontiac.

  • On the Call: GE CEO Jeff Immelt Friday, 19 Oct 2012 | 1:08 PM ET

    General Electric reported strong profit growth in the third quarter, but revenue was below expectations and investors were concerned about the company's tepid growth forecast for 2013..

  • Fitch: US bank capital on track to meet new rules Friday, 19 Oct 2012 | 11:50 AM ET

    Bank of America was the best performer, improving its key capital ratio under Basel III rules by more than 1 percent, to 8.97 percent, Fitch said. To do so, Bank of America reduced riskier securities held in its portfolio. JPMorgan Chase improved the same ratio by a half-percentage point, reducing its riskier assets by $21 billion.

  • ManpowerGroup 3Q results top Wall Street's view Friday, 19 Oct 2012 | 11:41 AM ET

    MILWAUKEE-- ManpowerGroup's third-quarter net income fell 21 percent as the staffing company's results continue to be pressured by softer foreign currencies. For the three months ended Sept. 30, ManpowerGroup earned $63.1 million, or 79 cents per share, down from $79.6 million, or 97 cents per share, in the prior-year period.

  • Spanish unions call general strike in November Friday, 19 Oct 2012 | 11:15 AM ET

    MADRID-- Spain's main trade unions on Friday called a general strike for Nov. 14, coinciding with similar work stoppages in Portugal and Greece, to protest government-imposed austerity measures and labor reforms. The general strike called by the Workers' Commissions and General Workers' unions will be the second in Spain this year.

  • Anti-bailout left tops Greek poll, far right third Friday, 19 Oct 2012 | 10:58 AM ET

    ATHENS, Greece-- An opinion poll in Greece says an anti-bailout leftist party has extended its lead over Prime Minister Antonis Samaras' conservatives, while support for a far right party with strong neo-Nazi references has doubled since June's national election.

  • UK police: Inquiry into BBC entertainer is growing Friday, 19 Oct 2012 | 10:48 AM ET

    LONDON-- British police said Friday that a highly publicized inquiry into a BBC entertainer believed to have molested dozens of girls has widened to include more than 200 potential victims and possibly new perpetrators.

  • Report: More riders linked to Armstrong's doctor Friday, 19 Oct 2012 | 10:45 AM ET

    ROME-- At least 15 more cyclists have been linked to Lance Armstrong's banned Italian sport doctor in an intricate scheme of money laundering, tax evasion and widespread doping.

  • English soccer promotes anti-racism T-shirts Friday, 19 Oct 2012 | 10:44 AM ET

    LONDON-- Damaged by a yearlong racism case involving John Terry, English soccer will ask Premier League players to don anti-racism T-shirts during the warm-up for matches this weekend.

  • Charges of cronyism in Hungary farmland contracts Friday, 19 Oct 2012 | 10:28 AM ET

    KAJASZO, Hungary-- Gergely Bocsodi's family has been farming in this central Hungarian village for six generations but he fears there may not be a seventh, as the region is caught up in a once-in-20-years land grab.

  • Earnings from McDonald's, Microsoft sink stocks Friday, 19 Oct 2012 | 10:19 AM ET

    NEW YORK-- Poor earnings reports from three companies in the Dow Jones industrial average _ Microsoft, General Electric and McDonalds _ sent indexes down sharply Friday, marking a sour end to an otherwise strong week in the stock market. McDonald's led a broad drop in the Dow, falling 3 percent.

  • Cooper Industries 3Q net income rises 18 pct Friday, 19 Oct 2012 | 10:19 AM ET

    NEW YORK-- Cooper Industries' third-quarter profit rose 18 percent with the electrical component seeing greater demand from industrial and oil and gas markets. The company, which is being acquired by Eaton Corp., earned $188.4 million, or $1.16 per share, up from $160.2 million, or 98 cents per share, in the same quarter last year.